GOLD Reawakened: Corrects firmly but conditions remain bullishFrom a technical perspective Gold is climbing in a parallel channel, clearly bullish with a rhythm that’s hard to ignore. Price just bounced off the resistance with force, a classic overextension flush.
And the market is now approaching the lower boundary of this projected channel. This confluence of technical support is likely to attract renewed buying interest.
I expect it to bounce back toward 3,410, somewhere around the middle of the channel. The move up may not be determined right away. It could be consolitaing, fake dips first, or sudden acceleration.
XAUUSDG trade ideas
XAUUSDHello Traders! 👋
What are your thoughts on GOLD?
Gold entered a corrective phase after reaching the top of its ascending channel. Price is now approaching the channel bottom, which coincides with a key support zone.
As long as the channel support holds, we expect a bullish reaction from this area, potentially driving price back toward the next target level.
The uptrend remains valid as long as price does not break and close below the lower boundary of the channel.
A rebound from channel support may signal the start of the next upward leg.
Invalidation occurs only if price breaks and holds below the channel.
💡 Will gold bounce from channel support and resume its rally? Share your view in the comments! 🤔👇
Don’t forget to like and share your thoughts in the comments! ❤️
Gold 30Min Engaged ( Bullish & bearish Reversal Entry Detected )————-
➕ Objective: Precision Volume Execution
Time Frame: 30-Minute Warfare
Entry Protocol: Only after volume-verified breakout
🩸 Bullish Reversal : 3354
🩸 Bearish Reversal : 3378
➗ Hanzo Protocol: Volume-Tiered Entry Authority
➕ Zone Activated: Dynamic market pressure detected.
The level isn’t just price — it’s a memory of where they moved size.
Volume is rising beneath the surface — not noise, but preparation.
🔥 Tactical Note:
We wait for the energy signature — when volume betrays intention.
The trap gets set. The weak follow. We execute.
Gold - Eyes on the Final Flush Before ReclaimGold recently dropped after reacting perfectly inside a higher time frame fair value gap. That zone acted as clean supply, offering a precise close within the imbalance and initiating a strong bearish leg. The move confirmed that buyers were overwhelmed at that level, and price began its descent back into a broader consolidation range.
Support Cluster and Fibonacci Alignment
The current zone being tested holds significant weight. Price has tapped into a clear support region, one that has already caused multiple strong bounces in recent sessions. What adds further confluence is the alignment of this zone with the golden pocket region of the entire upward leg. This kind of technical overlap increases the chances of responsive buying once liquidity is cleared below.
Liquidity Target and Inducement Setup
Just below current price action, there's a clean low that hasn't been taken out yet. This low acts as the inducement, sitting right above deeper Fibonacci levels, especially the 0.702. If price continues lower in the short term, a sweep of that low into the golden pocket would provide the ideal liquidity grab before a reversal. The market often rewards those who wait for that final flush.
Bullish Recovery Path
Once the liquidity is taken and price stabilizes at the golden pocket zone, the path is open for a recovery move back into the midrange and potentially higher. The most likely magnet for price after a successful bounce would be the previous resistance zone, which coincides with the 0.5 retracement of the recent drop. That area should act as the next decision point and could either cap the rally or provide the base for a continuation if buyers show strength.
What I’m Watching
The cleanest scenario would be a sweep of the low just below support, ideally pushing into the lower green box near the 0.702 level, followed by a strong bullish reaction. I’ll be watching for a market structure shift on the lower timeframes at that point to confirm the entry. If that happens, the trade has room to develop back into the prior resistance zone, offering a solid range for intraday or swing setups.
Conclusion
Gold remains in a broader range for now, but the technicals suggest one more drop to clear late long positions before a recovery. The reaction at the support cluster will be crucial. If bulls step in after the sweep, there’s a high-probability path back toward resistance, with the move likely supported by the golden pocket confluence.
___________________________________
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If you found this idea helpful or learned something new, drop a like 👍 and leave a comment, I’d love to hear your thoughts! 🚀
Lingrid | GOLD Key Resistance Zone. Possible Short-Term TradeThe price perfectly fulfilled my last idea . OANDA:XAUUSD has reached the upper boundary of the resistance zone around 3,445 after a strong impulse leg from the support trendline and the breakout of consolidation. Price action shows signs of exhaustion just below the June high, forming a potential reversal pattern near the channel top. If gold fails to hold above this resistance, a short-term pullback toward the 3,385 level becomes likely. The setup favors a short-term corrective decline unless bulls reclaim control with a breakout above the red trendline.
📉 Key Levels
Sell trigger: Rejection below 3,445
Sell zone: 3,430–3,445
Target: 3,385
Invalidation: Close above 3,480
💡 Risks
Breakout continuation toward 3,480
Sustained momentum from recent impulse leg
DXY weakness boosting gold's appeal
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
Liquidity ≠ Volume: The Truth Most Traders Never Learn█ Liquidity ≠ Volume: The Truth Most Traders Never Learn
Most traders obsess over volume bars, but volume is the footprint, not the path forward.
If you’ve ever seen price explode with no volume or fail despite strong volume, you’ve witnessed liquidity in action.
█ Here’s what you need to know
⚪ Volume Is Reactive — Liquidity Is Predictive
Volume tells you what happened.
Liquidity tells you what can happen.
█ Scenario 1: Price Jumps on Low Volume
❝ A price can jump on low volume if no liquidity exists above.❞
⚪ What’s happening?
The order book is thin above the current price (i.e., few or no sellers).
Even a small market buy order clears out available asks and pushes price up multiple levels.
Volume is low, but the impact is high because there’s no resistance.
⚪ Implication:
This is called a liquidity vacuum.
It can happen before news, during rebalancing, before session openings, on illiquid instruments, or during off-hours.
Traders often overestimate the strength of the move because they only see the candle, not the absence of offers behind it.
█ Scenario 2: Move Fails on High Volume
❝ A move can fail on high volume if it runs into a wall of offers or bids.❞
⚪ What’s happening?
There’s a strong surge of aggressive buying or selling (high volume).
But the order book has deep liquidity at that level — large resting limit orders.
The aggressive traders can’t chew through the liquidity wall, and price stalls or reverses.
⚪ Implication:
This is called liquidity absorption.
Market makers or institutions may intentionally absorb flow to stop a breakout.
Many retail traders mistake this for “fakeouts,” but it’s really liquidity defending a level.
⚪ What the Research Says
Cont, Stoikov, Talreja (2014): Price responds more to order book imbalance than trade volume.
Bouchaud et al. (2009): Liquidity gaps, not trade size, are what truly move markets.
Hasbrouck (1991): Trades only impact price if they consume liquidity.
Institutions don’t chase candles — they model depth, imbalance, and liquidity resilience.
⚪ Where the Alpha Lives
Liquidity tells you where the market is weak, strong, or vulnerable — before price moves.
Fakeouts happen in thin books.
Reversals occur at hidden walls of liquidity.
Breakouts sustain when liquidity follows the price, not pulls away.
If you understand this, you can:
Enter before volume shows up
Avoid chasing dead breakouts
Fade failed moves into empty space
█ Final Truth
Volume is the echo. Liquidity is the terrain. Alpha is in reading the terrain. You want to study the structure, because price moves toward weakness and away from strength. Learn to see where liquidity is, or where it’s missing, and you’ll see trading with new eyes.
-----------------
Disclaimer
The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Lingrid | GOLD Weekly Market Outlook: Resistance Zone RejectionOANDA:XAUUSD markets have encountered significant resistance at the $3,450 level, resulting in a notable rejection and subsequent pullback toward support zones. The precious metal is now testing critical technical levels that will determine whether the broader bullish momentum can be sustained or if deeper correction is imminent.
The 4H chart reveals a clear level rejection at the resistance zone, followed by an impulse leg lower that has broken the upward trendline. This development suggests a potential shift in short-term momentum, with gold now trading within the consolidation zone between $3,365 and $3,285. The break of the ascending trendline is particularly significant, indicating that bulls may be losing control of the immediate price action.
The second chart provides valuable context with the weekly and 16-hour timeframe analysis. The pinbar rejection candle on the weekly chart confirms strong selling pressure at these elevated levels. The 16-hour chart shows multiple tests of the upward trendline, with the recent break potentially signaling a bearish impulse leg. However, the overall structure remains within the broader ascending channel, suggesting this could be a healthy correction within the long-term uptrend.
Critical levels to monitor include the $3,285 support zone and the broken trendline at $3,365. A decisive break below $3,285 could trigger a deeper correction toward $3,200, while reclaiming the upward trendline would restore bullish momentum toward new highs.
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
HelenP. I Gold can continue to decline to support zoneHi folks today I'm prepared for you Gold analytics. If we look at the price chart, we can observe a significant shift in the market structure, highlighted by the recent decisive break of a long-standing ascending trend line. This event suggests that the previous bullish momentum has been exhausted and that sellers are now taking control. The bearish case is further strengthened by the price trading below the key horizontal zone around 3375, which previously acted as support during the consolidation phase and is now poised to act as strong resistance. My analysis for a short position is built on this structural change. I believe that any attempt by the price to rally back towards the broken trend line or the 3375 resistance zone will likely be met with significant selling pressure, confirming the new downward trend. A rejection from this area would be the key condition validating the bearish bias. Therefore, the primary goal for this developing downward impulse is set at the 3305 level, as this aligns with the next major support zone where the price is likely to find its next pause. If you like my analytics you may support me with your like/comment.❤️
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
GOLD ROUTE MAP UPDATEHey Everyone,
Another PIPTASTIC day on the charts with our analysis once again hitting gold!!!
After completing all our bullish targets yesterday we stated that we will now look for EMA5 lock above 3424 to open the next bullish level at 3439.
- This played out perfectly completing 3439 to perfection!!
We are now seeing no further lock above 3439 confirming the rejection, which we are seeing now. We will now look for lower Goldturns to be tested for support and bounce inline with our plans to buy dips.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels, taking 20 to 40 pips. As stated before, each of our level structures gives 20 to 40 pip bounces, which is enough for a nice entry and exit. If you backtest the levels we’ve shared every week for the past 24 months, you’ll see how effectively they were used to trade with or against short/mid-term swings and trends.
The swing ranges give bigger bounces than our weighted levels, that’s the difference between the two.
BULLISH TARGET
3356 - DONE
EMA5 CROSS AND LOCK ABOVE 3356 WILL OPEN THE FOLLOWING BULLISH TARGETS
3381 - DONE
EMA5 CROSS AND LOCK ABOVE 3381 WILL OPEN THE FOLLOWING BULLISH TARGET
3404 - DONE
EMA5 CROSS AND LOCK ABOVE 3404 WILL OPEN THE FOLLOWING BULLISH TARGET
3424 - DONE
EMA5 CROSS AND LOCK ABOVE 3424 WILL OPEN THE FOLLOWING BULLISH TARGET
3439 - DONE
EMA5 CROSS AND LOCK ABOVE 3439 WILL OPEN THE FOLLOWING BULLISH TARGET
3458
BEARISH TARGETS
3331
EMA5 CROSS AND LOCK BELOW 3331 WILL OPEN THE FOLLOWING BEARISH TARGET
3311
EMA5 CROSS AND LOCK BELOW 3311 WILL OPEN THE SWING RANGE
3289
3266
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
XAU/USD | Watching for Potential Drop Toward $3391! (READ)By analyzing the gold chart on the 4-hour timeframe, we can see that gold continued its bullish move after holding above $3409, successfully hitting the $3440 target and delivering over 200 pips in returns! After reaching this key supply zone, gold corrected down to $3415 and is now trading around $3421. If the price stabilizes below $3431, we can expect further downside movement, with the next bearish targets at $3415, $3404, and $3391. If this scenario fails, an alternative setup will be shared.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
GOLD → Countertrend correction, retest of 3345 before growthFX:XAUUSD , undergoing a deep correction after a false breakout of local resistance at 3433, has reached the support of the upward trend. Will the bulls be able to maintain the trend?
Gold held below $3,400 on Friday, rebounding from $3,350, and is poised to end the week higher. Investors are watching the conflict between Thailand and Cambodia, which is boosting demand for safe-haven assets, and are also awaiting decisions from the Fed and the Bank of Japan next week. The markets received additional support from US trade deals with Asian countries and progress in negotiations with the EU, easing fears of a tariff war.
As part of the correction, gold is testing trend support and the 3345-3337 zone of interest. A false breakdown, lack of downward momentum, and bulls holding prices above 3345 could trigger growth and a continuation of the main upward trend.
Resistance levels: 3375, 3383
Support levels: 3345, 3337, 3330
Technically, the support level of 3345 plays a fairly important role in the market. If, during the correction, the bulls manage to hold their ground above this zone, the prospects for recovery will be high, especially against the backdrop of geopolitical problems.
Best regards, R. Linda!
GOLD → Consolidation before the next jump to 3450?FX:XAUUSD continues to rally, with the price updating its local high to 3438 and moving into consolidation, possibly for another jump...
After hitting a five-week high of $3,438, traders are taking a break. Optimism is fuelled by Trump's statements about the largest deal with Japan and negotiations with Canada, but uncertainty about the details of the agreements and political instability in Japan are keeping caution in check. The market is waiting for further signals on trade and political issues, which remain key factors for gold.
Technically, the dollar continues to fall, which generally supports gold. But! Gold is approaching strong resistance at 3445-3450, where growth may be temporarily halted.
Resistance levels: 3433, 3446
Support levels: 3416, 3401, 3375
As part of a local correction, gold may test consolidation support or 0.5-0.7f before continuing to rise. There are quite a few orders in the 3433-3446 zone, and it will be difficult to break through this area to reach the target. Consolidation before this level may help the rise to continue.
Best regards, R. Linda!
Gold Showing Signs of Reversal After Hitting Key ResistanceHello Guys.
Gold has reached a major resistance zone around 3439–3425, which has already acted as a strong ceiling in the past. The price tapped into this area again, forming a clear divergence, and failed to break higher.
Here’s what stands out:
Divergence signals a weakening bullish momentum at the top.
The price rejected the resistance and is now breaking structure to the downside.
A minor pullback may occur before continuation, as shown in the projected moves.
First target: 3259.792
Second target (if support breaks): 3136.869, a deeper zone for potential bounce or further drop.
This setup hints at a bearish trend building up. Stay cautious on longs unless the price structure changes again.
Lingrid | GOLD Corrective Move: Potential Long Trade OpportunityThe price perfectly fulfilled my last idea . OANDA:XAUUSD is pulling back sharply after facing rejection from the key resistance level at 3431, following a two-leg impulse wave. The structure shows a correction within an active uptrend, nearing confluence support from the upward trendline and horizontal level. As long as price holds above 3342, a bounce and continuation toward 3400 remain the favored scenario. Broader bullish structure and momentum buildup point to a possible resumption after the current retracement.
📉 Key Levels
Buy trigger: Break above 3350
Buy zone: 3345 – 3340
Target: 3400
Invalidation: Break below 3320
💡 Risks
Failure to hold the upward trendline could shift momentum
Weak bounce may trap buyers before real breakout
Resistance at 3400 could remain firm without stronger volume support
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
GOLD 1H CHART ROUTE MAP UPDATE & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price play between two weighted levels with a gap above at 3348 and a gap below at 3328 . We will need to see ema5 cross and lock on either weighted level to determine the next range.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 20 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.
BULLISH TARGET
3348
EMA5 CROSS AND LOCK ABOVE 3348 WILL OPEN THE FOLLOWING BULLISH TARGETS
3369
EMA5 CROSS AND LOCK ABOVE 3369 WILL OPEN THE FOLLOWING BULLISH TARGET
3397
EMA5 CROSS AND LOCK ABOVE 3397 WILL OPEN THE FOLLOWING BULLISH TARGET
3422
BEARISH TARGETS
3328
EMA5 CROSS AND LOCK BELOW 3328 WILL OPEN THE FOLLOWING BEARISH TARGET
3305
EMA5 CROSS AND LOCK BELOW 3305 WILL OPEN THE SWING RANGE
3289
3267
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD NEXT MOVE (expecting a mild bullish(24-07-2025)Go through the analysis carefully and do trade accordingly.
Anup 'BIAS for the day (24-07-2025)
Current price- 3357
"if Price stays above 3345, then next target is 3370, 3320 and 3400 and below that 3330 and 3310 ".
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk more than 1% of principal to follow any position.
Support us by liking and sharing the post.
Hellena | GOLD (4H): LONG to resistance area of 3440 (Wave V).As you can see, everything turned out to be more complicated than I had previously thought. We are dealing with a complex correction and a diagonal. I believe that the “ABCDE” waves, which make up the corrective wave “4”, are completing their levels, and I continue to expect the upward movement to continue.
The first area I expect is the resistance area of 3440. This will be the beginning of the large upward wave “V.”
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
GOLD WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone,
Weekly Chart Update – 3387 Tested, Channel Top Rejected
Quick follow up on our Weekly Chart roadmap – price continues to respect the structure with precision.
As anticipated, we got the test of 3387, completing the short term magnet move we've been tracking. That level aligned perfectly with the channel top, and true to form, we saw a clean rejection right on cue just short of the full channel top leaving that open.
Importantly, there was no close or lock above that zone, reaffirming it as valid resistance for now. As a result, the range remains active, with price still oscillating between 3281 support and 3387 resistance.
Key structural notes:
🔹 Structure remains intact
No weekly close above 3387, no breakdown below 3281. The rising channel is still fully respected, and EMA5 has yet to turn bearish.
🔹 3281 Holding Strong
This level continues to act as a key weekly pivot. As long as it holds, we maintain a constructive outlook within the current range.
🔹 3387 Tested + Rejected
First test gave us the expected reaction. Until we see a confirmed close above, it remains the top of the current range.
Updated Levels to Watch:
📉 Support – 3281
Weekly pivot and current range low. Still our key area for dip buys within this structure.
📈 Resistance – 3387
Now tested and confirmed. No break or lock above = valid rejection level.
📈 Resistance 2 – 3482
Unfilled weekly gap. Still the broader target, but we need a proper breakout above 3387 first.
Plan: We continue to treat 3281–3387 as the active weekly range. If 3281 fails, we reassess at the midline of the channel. If 3387 breaks and holds, we shift focus toward 3482.
Thanks again for all the incredible engagement and support, it means a lot to us here at GoldViewFX. Stay focused, stay disciplined.
Mr Gold
GoldViewFX
Gold Fails at Resistance, Elliott Wave Signals Deeper CorrectionGold ( OANDA:XAUUSD ) started to rise after the Richmond Manufacturing Index(Actual:-20/Forecast:-2/Previous-7) index was announced, but failed to break the upper line of the ascending channel and the Resistance zone($3,451-$3,406) .
Gold has now broken through the Support lines and is attempting to break through the next Support lines and Support zone($3,394-$3,366) .
In terms of Elliott Wave theory , it appears that the main wave Y has completed above the ascending channel.
I expect that given the momentum of gold's decline , gold will be able to break the Support zone($3,394-$3,366) and Support lines and fall to at least $3,356 . The next target could be the lower line of the ascending channel .
Note: Stop Loss (SL) = $3,423
Gold Analyze (XAUUSD), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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Gold : Holding Ground Below 3345 Amid USD SurgeGold : Holding Ground Below 3345 Amid USD Surge
Gold's upward potential from Friday appears limited by the 3345 level—a narrow but firm resistance zone. As long as price fails to break above it, this zone has a high importance.
If gold holds below 3345, the probability of further downside increases significantly.
Meanwhile, the recent US–EU agreement has strengthened the USD. While this isn’t expected to severely impact gold, short-term fluctuations can’t be ruled out.
If price stabilizes in the red zone, it may consolidate ahead of the upcoming FOMC meeting. In such cases, volatility could erupt based on news-driven catalysts—so be prepared for unexpected moves.
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
XAU/USD | Gold Holding Strong – Watching for Next Bullish Move!By analyzing the gold chart on the 4-hour timeframe, we can see that yesterday, as expected, when the price dropped to around $3357, it faced strong buying pressure and rallied up to $3377. After that, it corrected again, pulling back to $3338 so far, and is currently trading around $3341. If gold manages to hold above $3337, we can expect another bullish move, with potential targets at $3347, $3354, $3364, and $3374.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
GOLD - Strong Trendline & Golden Pocket ContinuationMarket Context
Gold is currently trading within a rising wedge structure on the 4-hour timeframe. This formation typically represents a tightening market, where buyers continue to push higher — but with decreasing momentum. The confluence of both trendlines and repeated Golden Pocket bounces makes this setup technically rich and worth watching closely.
Golden Pocket & Trendline Confluence
Throughout the recent move up, price has consistently reacted to the 0.618–0.65 Fibonacci retracement zone — often referred to as the Golden Pocket. Each major retracement has found support not only at this zone but also at a rising trendline, showing strong alignment between horizontal and diagonal demand. This dual-layer support has repeatedly led to sharp rebounds, reinforcing the bullish structure.
What Comes Next?
Price is currently sitting just below the upper resistance of the wedge. If history repeats, a retracement toward the lower trendline could be the next logical step. A reaction in the same region — where the Golden Pocket once again overlaps the trendline — could offer a high-probability long opportunity for continuation toward the top of the wedge or even a breakout.
Alternatively, if price breaks below the trendline with conviction, it could signal exhaustion in the current structure, potentially flipping the bias toward a broader correction.
Final Thoughts
This is a textbook example of how technical confluence can guide trade planning — especially in clean, trending environments like this. Remember: patience is key. Let the market come to your levels.
If you enjoyed this breakdown, a like would go a long way — and feel free to share your thoughts or ideas in the comments below!
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
That was worth waiting for! We were expecting higher to then short this into the level we wanted, but as you can see, we had no red box break and our bias level was 3335. That resistance gave us an opportunity early session to get in and then the break of the 3320 level confirmed the move completing a majority of our targets.
Now we have support here and resistance at the 3395 level and above that 3406. We have a lower level here of 3375 which we feel if targeted and rejected, could give the opportunity for a RIP into the higher levels.
KOG’s Bias of the day:
Bearish below 3450 with targets below 3420✅, 3410✅, 3406✅, 3397✅ and 3390✅
Bullish on break of 3450 with targets above 3455, 3458, 3464 and 3478
RED BOXES:
Break above 3435 for 3440, 3446, 3449 and 3461 in extension of the move
Break below 3420 for 3410✅, 3406✅, 3397✅ and 3379 in extension of the move
As always, trade safe.
KOG